GIANT! The market has just been surprised by a heavyweight partnership. The global payments giant Fiserv, responsible for over 90 billion transactions per year, announced together with Paxos and the Solana blockchain the launch of FIUSD, a new dollar-backed stablecoin.
FIUSD will be built on the regulated infrastructure of Paxos and will operate on the Solana blockchain, known for its fast transactions and extremely low fees. The union of these three players marks the definitive entry of stablecoins into the traditional market.
The goal is clear: to make digital payments faster, cheaper, and more efficient, both in the crypto market and in the conventional financial system.
The message is clear: the future of finance has already begun, and it is on-chain.